How High Is Too High For Colorado Pot Tax?

According to financial data released last week, the state also raked in significantly more money taxing marijuana than it did taxing alcohol for the yearlong period of July 2014 to June 2015, with marijuana netting almost $70 million and alcohol just under $42 million.

COLORADO: After legalizing recreational marijuana last year, Colorado voters Tuesday are considering a tax on the drug. The ballot measure represents the “politics of compromise,” said Rep. Jonathan Singer, the Democratic state legislator behind the tax proposal. The tax on marijuana must be high enough to generate revenue for enforcement but low enough to deter consumers Read the full article…